New Zealand

Wellbeing budget

Executive

Plan

Policy

Passed in 2019

The 2019 budget set out by the government notably aims to make New Zealand more sustainable and climate-resilient. It makes a number of pledges including: 1) promoting renewable energies and other low-carbon solutions through the Advanced Energy Technology Platform, the establishment of the National New?Energy Development Centre in Taranaki. 2) investing in sustainable land use (Productive and Sustainable Land Use Package), through a NZ$229.2 million package for projects to protect and restore at-risk waterways and wetlands and research funding to help the agricultural sector. 3) reducing greenhouse gases in the transport sector, especially by investing NZ$1 billion in KiwiRail. 4) help the private sector to transition to a low-carbon economy with a NZ$106 million grant.

A 2022 version of the budget was approved and is linked below.

Documents

Climate targets in this law

1 target

Net-zero carbon by 2050

Economy-wide | Target year: 2050